Tag Archives: Michael Hudson
Catch and Release
Why does the economy suck for most Americans even as economists and economic journalists paint a rosy picture? Rich people don’t care all that much about chemistry, astronomy or archeology but they damn sure care about economics and political science, … Continue reading
Everywhere is war
It certainly doesn’t appear possible for the US to have a non-belligerent foreign policy. Instead, the US aspires to be Techno-Sparta, where a climate of fear, hostility and end-of-times preparation seems to have overtaken US politicians, elites and the corporate media. … Continue reading
Apostasy
To be an intellectual is to be an apostate. In our neoliberal milieu, where everything has been commodified, intellectual thought, discourse and opinion has lost any of the verve that makes it precious and has thus become debased. Therefore, intellectualism … Continue reading
Things behind things
We live in a interregnum, where everything, including reality itself, is in flux. The paranoia and distrust of institutions that has taken hold in America is not a function of Donald Trump’s rancid populism no matter what the liberal, intellectual … Continue reading
The rents are too high
Why are Americans so unhappy despite elite gaslighting that it’s the best economy ever? I think the main reason is that the rents are too damn high. And by rents I don’t simply mean the costs of a mortgage or … Continue reading
Oligarchy
The US corporate media demonizes foreign oligarchs without looking closer to home. In a nutshell the US has devolved from a republic to an oligarchy. The US oligarchy is made up of people with the same accent, manners, values, and … Continue reading
Because markets, go die
I’ve always liked this formulation of neoliberalism because of its succinctness, but it’s useful to tease out the implications. Because markets describes how neoliberalism organizes all human activity through the competition of a market system that’s directed by a neoliberal … Continue reading
Confessions of an economic imperialist
The US uses finance and debt to maintain its empire, working through its minions the IMF and World Bank to immiserate developing countries so they can be plundered. What is evangelized as U.S.-style democracy is really a financial oligarchy privatizing … Continue reading
Weapons of Financial Destruction
The US is waging a new kind of Cold War against Russia where the weapons are financial instead of kinetic. The corporate media won’t tell you this but the US and all its imperial member states are attempting to strangle … Continue reading
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